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The Arapahoe City Council approved a $50,000 match commitment for the Rural Workforce Housing Fund application. Bobbi Pettit of 5 Rule to the council that If Arapahoe is approved for the fund the $50,000 will be transferred to the Republican Valley Golden Years Foundation. If approved the state will put in $200,000 to be part of the revolving loan fund. The Republican Valley Golden Years Foundation will be the administrator of the fund that will be for new construction, repair or rehab, and housing development. There are no limitations on income for owner/occupants. The vision of the revolving loan fund is to create a revenue stream for the Republican Valley Golden Years on the interest of the loans. 5 Rule will continue as a consultant working for the city on the fund; overseeing projects, audits and submitting reports to the DED.